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XPO Logistics Inc. CIO Mario Harik will run the company’s less-than-truckload division in an acting capacity in the wake of the retirement of the LTL division president, Tony Brooks, the company said. The company told Transport Topics the change will take place immediately, and that Brooks will stay on for a period of time to assist Harik with the transition.
“Tony was a great operator for phase one of our LTL transformation,” the company said in a statement provided to TT. “Mario’s perfectly suited for the role now as we move onto phase two, which is to take the business to the next level.”
Harik will continue in his role as CIO, a post he has held since XPO was founded 10 years ago.
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The company said Harik is a part of a small group of top executives who oversee XPO’s day-to-day management, and has taken an active role on the LTL side. He was involved in the IT integration of Con-way Inc. after that company was acquired by XPO in 2015.
XPO’s LTL division is digitizing much of its operation. Its adjusted operating ratio in the second quarter neared an all-time low of 81.1. Operating ratio, or operating expenses as a percentage of revenue, is used to measure efficiency. The lower the ratio, the higher the company’s ability to generate profit.
“Much in the way tech has transformed our brokerage business, we think there’s a similar opportunity for tech to help make our LTL business — which has been seeing record results — get even better. Mario is a dynamic leader and the people in LTL are very excited about him taking over as acting leader,” the company said.
In August, XPO spun off its logistics operations, known as GXO Logistics. XPO now includes the company’s LTL, brokerage and final-mile operations, and continues to be led by company founder Brad Jacobs.
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